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The Indigenous Procurement Policy (IPP) is changing. The Australian Government has announced key changes to the IPP to strengthen the eligibility criteria, tackle ‘black cladding’, and increase Commonwealth procurement targets. The target for Commonwealth procurement from First Nations businesses will increase to 3% in 2025-2026, with incremental increases of 0.25% each year to reach 4% by 2029-2030. Additionally, from 1 July 2026, First Nations businesses must be at least 51% First Nations owned and controlled (or registered with the Office of the Registrar of Indigenous Corporations) to access the IPP. These changes aim to ensure that the economic benefits of the IPP flow directly to First Nations people. For full details on the upcoming changes visit the National Indigenous Australian Agency website.

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The Department of Finance acknowledges the Traditional Owners and Custodians throughout Australia and their continuing connection to land, water and community.